The National Security Council (NSC) has asked the Aquino administration to increase the budget for the military by at least half a percentage point of the nation’s gross domestic product (GDP) amid a worsening territorial dispute with China in the West Philippine Sea.
The Philippines has the fastest growing economy among Asian countries for the first quarter of 2013, the National Statistical Coordination Board (NSCB) announced Thursday.
The unexpected praise heaped on President Benigno Aquino III by former President Gloria Macapagal-Arroyo for the country’s economic glow under his leadership is a “classic case of the student already surpassing the teacher,” Malacañang said on Saturday.
More Filipinos are optimistic about the economy in the coming year but the number of those who expect their lives to get better in the next 12 months has declined, the latest Social Weather Stations (SWS) survey showed.
Advancing the manufacturing industry from the number three spot in the country’s top industries will help the country compete with its Asian neighbors in terms of Gross Domestic Product (GDP).”
From number 43 in 2010, the Philippine economy will become the 16th biggest in the world in 2050. This forecast is from HSBC’s report on “The World in 2050” released last January this year. Is this possible? Can we make it? What does it mean being in number 16?
Tropical Storm “Sendong,” which ravaged parts of the Visayas and northern Mindanao last December, likely cost the Philippines 0.181 percent of its potential gross domestic product for full-year 2011, according to estimates from the National Economic and Development Authority. While the lives lost in the storm cannot be valued in terms of pesos, the impact [...]
The country’s Gross Domestic Product (GDP) growth slowed down to 4 percent in the first half of the year from around 8 percent in the same period last year. Another global recession is looming as the United States unemployment rate remains high at 9 percent and the Euro zone is restrained from recovering fast due [...]
MANILA, Philippines—President Benigno Aquino III remains optimistic that economy’s growth will pick up despite the dismal 4.9-percent gross domestic product posted in the first three months of the year. Speaking to reporters in the Palace on Monday, the President noted that the country did not turn out badly even if it shared the same fate [...]
MANILA, Philippines — The ASIAN Development Bank has challenged developing countries like the Philippines to step up efforts to boost economic growth and consequently escape the “middle-income trap” they are caught in. In one of the discussions during the recently concluded 44th Annual Meeting of the Board of Governors of the ADB, economists noted that [...]
